In Every Economic System, Choices Must Be Made Because Resources

question 148

Multiple Choice

In every economic system, choices must be made because resources

• A) are unlimited, but human desires and wants are limited.
• B) are limited, but human desires and wants are unlimited.
• C) are unlimited, and so are human desires and wants.
• D) are limited, and so are human desires and wants.

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Definitions:

Biological Classification

The scientific process of grouping and categorizing organisms into a hierarchical system known as taxonomy, based on their physical and genetic similarities and evolutionary relationships.

Species

A category of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

A-B-O Blood System

A classification system for human blood based on the presence or absence of antigens in red blood cells, instrumental in blood transfusion and organ transplantation practices.

Type O

A blood type in the ABO blood group system that is characterized by the absence of A and B antigens on red cells.